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Contract row: ICC threatens to penalise BCCI
December 27, 2002 21:58 IST
The International Cricket Council on Friday threatened to slap hefty compensation claims on the Board of Control for Cricket in India if it failed to meet its contractual obligations.
The BCCI had virtually rejected the ICC's final offer at its special general meeting on December 25.
"The reality is that any person or organisation that fails to live up to its commitments risk claims for compensation being made against it and the BCCI is no different," ICC's chief executive Malcolm Speed said in London.
Speed said the process by which the ICC and BCCI entered into their contracts was "clear and transparent and each party has willingly accepted the obligations that were detailed in these agreements".
Speed said at no stage did the BCCI raise any issue with any aspect of the Participating Nations Agreement nor took up the opportunity to discuss its concerns with the ICC or its solicitors.
"The BCCI has willingly committed itself to delivering its best team to the ICC cricket World Cup and to ensuring that this team will agree to the conditions accepted by the BCCI," Speed said.
He said that the recent suggestions by some commentators that the BCCI will not be bound contractually to deliver these obligations were "inaccurate and it was important to dispel this speculation".
Pointing out that the Cricket Events Agreement was signed by the BCCI on May 28, 2001, Speed said, "The BCCI was well aware of the obligation undertaken by IDI [ICC Development International] to provide exclusivity to sponsors at an early stage. They had signed the agreement without comment or query to IDI. Following discussion with the BCCI on this issue, I carefully outlined the legitimate and transparent process by which the BCCI accepted and committed to its contractual obligations in a letter to the Indian Board earlier this month," Speed said.
He said the current agreement between ICC and Global Cricket Corporation was in the best interest of the game and it will provide US$ 550 million for the sport over the life of the agreement.
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